APi Group Co. (NYSE:APG) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of APi Group Co. (NYSE:APG) have been given a consensus rating of “Moderate Buy” by the eight analysts that are presently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $43.43.

A number of brokerages recently weighed in on APG. Barclays increased their price target on shares of APi Group from $43.00 to $44.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. William Blair reaffirmed an “outperform” rating on shares of APi Group in a research report on Thursday, December 5th. Citigroup boosted their target price on APi Group from $42.00 to $45.00 and gave the company a “buy” rating in a report on Monday, December 9th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $45.00 price objective on shares of APi Group in a research report on Friday, November 1st. Finally, Robert W. Baird upped their price objective on shares of APi Group from $39.00 to $40.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 26th.

APi Group Stock Performance

NYSE APG opened at $36.65 on Monday. The company has a fifty day moving average of $36.75 and a two-hundred day moving average of $35.62. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.51 and a quick ratio of 1.42. APi Group has a 1 year low of $30.26 and a 1 year high of $40.89. The company has a market capitalization of $10.07 billion, a PE ratio of -18.60 and a beta of 1.55.

APi Group (NYSE:APG) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.51 EPS for the quarter, hitting the consensus estimate of $0.51. The company had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.87 billion. APi Group had a return on equity of 33.89% and a net margin of 3.01%. The firm’s revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.48 earnings per share. As a group, analysts expect that APi Group will post 1.83 earnings per share for the current year.

Insider Transactions at APi Group

In related news, Director James E. Lillie sold 11,568 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $36.98, for a total value of $427,784.64. Following the completion of the transaction, the director now directly owns 1,134,635 shares of the company’s stock, valued at $41,958,802.30. This trade represents a 1.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Ian G. H. Ashken sold 53,868 shares of APi Group stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $36.87, for a total value of $1,986,113.16. Following the transaction, the director now directly owns 5,478,779 shares of the company’s stock, valued at $202,002,581.73. This trade represents a 0.97 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 18.20% of the company’s stock.

Hedge Funds Weigh In On APi Group

Several hedge funds have recently added to or reduced their stakes in APG. Advantage Alpha Capital Partners LP increased its stake in shares of APi Group by 79.6% during the 3rd quarter. Advantage Alpha Capital Partners LP now owns 269,087 shares of the company’s stock worth $8,885,000 after purchasing an additional 119,229 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in shares of APi Group in the third quarter valued at $881,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of APi Group during the third quarter valued at $2,586,000. Oppenheimer Asset Management Inc. increased its position in APi Group by 60.4% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 99,647 shares of the company’s stock worth $3,290,000 after purchasing an additional 37,531 shares in the last quarter. Finally, Strategic Financial Concepts LLC raised its stake in APi Group by 3,622.0% in the 2nd quarter. Strategic Financial Concepts LLC now owns 392,559 shares of the company’s stock valued at $148,000 after purchasing an additional 382,012 shares during the last quarter. 86.62% of the stock is currently owned by hedge funds and other institutional investors.

APi Group Company Profile

APi Group Corporation provides safety and specialty services worldwide. It operates through Safety Services and Specialty Services segments. The Safety Services segment offers solutions focusing on end-to-end integrated occupancy systems, such as fire protection services; heating, ventilation, and air conditioning solutions; and entry systems, which include the design, installation, inspection, and service of these integrated systems.